Deals & M&A
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Netflix’s Ted Sarandos Dismisses Mounting Calls for Warner Bros. to Pull All Merger Talks: ‘Some Fantasy’
“The Town” host Matt Belloni tells the streamer’s co-CEO “the sentiment about that around Hollywood is rampant”
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Madison Square Garden Sports Exploring Split of New York Knicks, Rangers Businesses
The move would give each company “enhanced strategic flexibility, its own defined business focus and clear characteristics for investors,” CEO Jim Dolan says
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What’s the Magic Number Paramount Needs to Snag Warner Bros. From Netflix?
Experts told TheWrap that David Ellison needs a “decisive premium” that could range from $32 to north of $35 per share to defeat Netflix
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Deals & M&A
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Netflix Co-CEO Ted Sarandos Accuses Paramount of ‘Flooding the Zone’ to Confuse Shareholders
“Let them make a move and then we will see where the next step takes us,” the executive tells CNBC as Warner Bros. reopens talks with David Ellison
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Paramount Prepared to Engage in ‘Constructive Discussions’ as Warner Bros. Reopens Sale Talks
The company, which has until Feb. 23 to provide its “best and final” offer, added that it still plans to proceed with its tender offer and proxy fight
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Warner Bros. Activist Investor Praises Board, Netflix for Reopening ‘Necessary Discussions’ With Paramount Skydance
“It’s time for the Board to establish a level playing field that produces the highest and most viable offer,” a spokesperson for Ancora Holdings tells TheWrap
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Paramount Stock Jumps Over 5% as Warner Bros. Reopens Sale Talks
Shares of the David Zaslav-led media giant rose 2.3%, while Netflix stock slid 1.4% following the announcement
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Netflix Blasts ‘Ongoing Distraction’ From Paramount as Warner Bros. Asks for David Ellison’s ‘Best and Final’ Offer
The streamer said that its $83 billion deal is “the only certain path to delivering value to WBD’s stockholders”
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Warner Bros. Discovery Reopens Talks With Paramount Over Possible Higher Bid
The media giant, which still backs the $83 billion Netflix deal, also set a shareholder vote for March 20 at 8 a.m. ET
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How Warner Bros. Could Supercharge Netflix’s Advertising Business | Analysis
A combination would offer more leverage to go after a bigger slice of Madison Avenue’s dollars, experts tell TheWrap
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TV
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Wasserman Agency to Be Renamed After Founder Casey Wasserman Sells His Stake | Exclusive
Discussions are underway at majority owner Providence Equity to give the sports and talent agency a new name
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Warner Bros. Discovery Considers Restarting Talks With Paramount Skydance After Revised Proposal
WBD board members are discussing whether the new offer might make for a better outcome or push Netflix to sweeten its bid, Bloomberg reports
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Department of Justice Antitrust Chief Gail Slater to Exit Role Amid Netflix-WB Deal Review
The agency is also reviewing Paramount’s $108.4 billion hostile takeover bid
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Apple Buys ‘Severance’ From Fifth Season as Studio Readies Season 3
The deal will see the indie studio stay on as an executive producer for the Emmy-winning drama series
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Warner Bros. Activist Investor Says Paramount Bid Is ‘Once in a Lifetime’ Opportunity
Ancora Alternatives president James Chadwick says the firm plans to grow its $200 million stake and is interviewing director candidates as it mulls a proxy fight over Netflix’s $83 billion deal